CDFA is holding its final SSBCI Learning Series event of 2023. We'll be covering three topics in this event. First, we'll explore how you can access recent awards under the Capital Readiness Program. Have questions about best practices for program modifications? We've got you covered in the second segment from both the state and Treasury perspectives. Finally, we'll round out the session with a discussion about venture capital investing with SSBCI funds. We hope to see you there!

TEDCO, Maryland's economic engine for technology companies, announced a recent $500,000 Seed Fund investment into Flexnode, Inc., a digital infrastructure company. TEDCO's Seed Funds is made possible by the State Small Business Credit Initiative (SSBCI) and invests in companies that show promise of becoming venture-fundable companies or are companies that, through a seed investment, will be sustainable through customer revenue, follow-on funding, or other forms of corporate venture.

The 2023 CDFA National Development Finance Summit is one month away and this is your last chance to lock in early bird pricing. Register by October 13 to save! We're excited to see you in Philadelphia!

Texas announced the opening of the Texas Small Business Credit Initiative (TSBCI) and will administer two programs: a Capital Access Program and a Loan Guarantee Program. Both are open to enroll new loans made to eligible new and existing Texas businesses with 499 or fewer employees. From October 9 through December 9, 2023, the TSBCI web portal will open to accept applications from financial institutions interested in participating in the program.

Michigan announced that nine organizations in Michigan will receive $5.2 million in federal grants from the State Small Business Credit Initiative (SSBCI) Technical Assistance (TA) grant program to better support small businesses with technical assistance such as legal, accounting, and financial advisory services.

The Tennessee Department of Economic and Community Development announced five new lenders to participate in LendTN, a Fund Tennessee program. Nearly $47 million has been allocated through the Fund Tennessee program, which will provide equitable access to capital for small businesses and entrepreneurs across Tennessee. The program is funded by the State Small Business Credit Initiative (SSBCI).

SSBCI Learning Series - Year-End Topics for SSBCI
October 19, 2023 - 2:00 PM - 4:00 PM Eastern

CDFA Tribal Finance Webinar Series: Funding Healthcare Facilities on Tribal Nation Reservations
October 24, 2023 - 2:00 PM - 3:30 PM Eastern

>>> SEARCH HEADLINES

The U.S. Department of the Treasury released updated Frequently Asked Questions (FAQs) for the State Small Business Credit Initiative (SSBCI) on September 28, 2023.

>>> EXPLORE SSBCI RESOURCE CENTER